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A three-year junk bond has an annual coupon rate of 8%. If the yield for this type of bond increases to a 10% annual coupon
A three-year junk bond has an annual coupon rate of 8%. If the yield for this type of bond increases to a 10% annual coupon rate, what should the bond with a coupon rate of 8% sell for in the secondary market?
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
